Carpenter Technology to Attend Conference

September 3, 2008

Carpenter Technology Corporation (NYSE:CRS) announced today that Anne L. Stevens, Chairman, President and Chief Executive Officer, and Doug Ralph, Senior Vice President – Finance and Chief Financial Officer will be presenting at the KeyBanc 2008 Basic Materials & Packaging Conference on September 10, 2008 in Boston. The slide presentation will be available on the company’s web site, www.cartech.com, after 5:00 p.m. eastern time on September 9, 2008.

Carpenter Technology, based in Wyomissing, PA, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products. Information about Carpenter can be found on the Internet at www.cartech.com.